Guatemala vs Paraguay: Economic Indicators Comparison

Guatemala with a GDP of $78.5B ranked the 70th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Guatemala and Paraguay ranked 69th vs 50th and 112th vs 104th, respectively.

Gross Domestic Product & Income

StatGuatemalaParaguay
GDP$78.5B$40.5B
GDP growth, 1 year3.1%3.7%
GDP growth, 5-years average3.5%4.2%
Population17.3M6.8M
GDP per capita$4.5k$5.8k
GDP per capita growth1.15%2.35%
Purchasing Power Parity conversion factor4.042453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.43
GDP per capita, PPP adjusted$8.4k$13k
GNI, Atlas method$75.9B$39.4B
GNI per capita$4.4k$5.7k
GNI, PPP adjusted$143.4B$91.9B
GNI per capita, PPP adjusted$8.3k$13k

Financial system and Human development

StatGuatemalaParaguay
Income Tax Rate31%10%
Corporate Tax Rate31%10%
Inflation, consumer prices3.8%4%
Inflation, GDP deflator2.9%2.1%
Unemployment2.7%4.7%
Economic Freedom Index6463
Personal Freedom Index7.147.3
Human Freedom Index7.217.02
Property Rights Index45.544.7
Judical Effectiveness Index32.226.4
Business Freedom Index62.660.9
Fiscal Health Index95.798
Labor Freedom Index48.429
Investment Freedom Index7075
Financial Freedom Index5060
Trade Freedom Index82.275.4
Monetary Freedom Index77.472.5
Government Spending Index95.688.6
Tax Burden Index79.296.1
Government Integrity Index29.629.6
Corruption Perceptions Index2729
Life expectancy at birth, years73.874
Suicide mortality rate, per 100,000 people2.79.5
Mortality caused by road traffic injury, per 100,000 people16.622.7
Intentional homicides, per 100,000 people26.19.3
International tourism, number of arrivals1.8M1.2M

Government debt & reserves

StatGuatemalaParaguay
Central government debt, % of GDP24.5%21.6%
External debt stocks, % of GNI29%39.9%
External debt stocks$22.3B$15.8B
Short-term debt, % of total reserves7.3%60%
Total debt service, % of exports and primary income26.7%15.7%
Adjusted net savings including particulate emission damage, % of GNI1.9%14.5%
Gross savings, % of GDP13.4%23.2%
Gross capital formation, % of GDP12.1%22.4%
Total reserves including gold$12.6B$7.7B
Foreign direct investment net inflows$1.1B$386.9M

Exports, imports and economic structure

StatGuatemalaParaguay
Exports of goods and services, % of GDP18.1%36%
Imports of goods and services, % of GDP27.7%34.4%
Current account balance (balance of payments)$665M$8.6M
Revenue excluding grants, % of GDP11%17.4%
Grants excluding technical cooperation, BoP$342.5M$64.1M
Personal remittances received$9.4B$682.9M
Industry including construction value added, % of GDP24.6%33.9%
Agriculture, forestry and fishing value added, % of GDP10%10.4%
Charges for the use of intellectual property, payments BoP$209.8M$18.5M
Charges for the use of intellectual property, receipts BoP$700k$114.1M
Expense, % of GDP11.8%15.6%
Government Expenditure, % of GDP12.1%19.5%

Compare with countries close by GDP per capita

Guatemala vs

CountryGDP
per capita
Population
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M